Introduction to eCash (XEC)
eCash (XEC) is a cryptocurrency that emerged from a rebrand of Bitcoin Cash ABC (BCHA). It aims to stay current with evolving blockchain standards by transitioning from Proof-of-Work (PoW) to Proof-of-Stake (PoS) while maintaining the existing blockchain architecture of BCHA. The change primarily involves a semantic update rather than a technical overhaul.
Real-Time eCash Market Data
The live eCash price is $0.00002, with a 24-hour trading volume of $6.41 million. Over the past hour, the price increased by 2.20%, and it rose 4.15% since yesterday. The current market capitalization stands at $376.05 million, calculated by multiplying the circulating supply by the latest price. There are 19.89 trillion XEC coins in circulation, which also represents the maximum supply.
Market Capitalization Explained
Market capitalization reflects the total market value of a cryptocurrency's circulating supply. For eCash, this figure is $376.08 million. A higher market cap often indicates that the asset is widely valued and has substantial market presence.
Trading Activity Overview
Recent trading activity shows that 339.19 billion XEC were traded in the last 24 hours, equivalent to $6.41 million in volume. This represents a 4.15% change, indicating active market participation.
Current Price Details
As of the latest update, one eCash (XEC) token is priced at $0.00002. Prices fluctuate based on market demand, supply dynamics, and broader cryptocurrency trends.
Circulating and Total Supply
The circulating supply of eCash is 19.89 trillion XEC, which is also the maximum supply. This fixed supply means no additional coins will be created, potentially influencing long-term value through scarcity.
Popularity and Market Rank
eCash currently ranks 196 among all cryptocurrencies based on market capitalization. This ranking helps investors gauge its relative size and significance in the digital asset landscape.
Key Features of eCash
eCash incorporates several features aimed at enhancing usability and scalability. Its move towards Proof-of-Stake aims to reduce energy consumption and increase transaction efficiency. The project focuses on fast, low-cost transactions, making it suitable for everyday use.
Technology and Development
The underlying technology of eCash remains consistent with its Bitcoin Cash ABC roots, ensuring stability and continuity. Future upgrades may include improved smart contract capabilities and enhanced security protocols.
Use Cases and Applications
eCash can be used for peer-to-peer payments, remittances, and as a store of value. Its low transaction fees make it attractive for micro-transactions and cross-border transfers.
How to Analyze eCash Performance
When evaluating eCash, consider factors like price trends, trading volume, market cap changes, and overall market sentiment. Technical analysis tools and chart patterns can provide insights into potential future movements.
Historical Price Trends
Reviewing historical price data helps identify patterns and support/resistance levels. This analysis can inform investment decisions and risk management strategies.
Comparing with Other Cryptocurrencies
Comparing eCash to similar assets provides context regarding its performance and adoption. Metrics like transaction speed, cost, and community support are valuable points of comparison.
Frequently Asked Questions
What is eCash (XEC)?
eCash is a cryptocurrency that resulted from rebranding Bitcoin Cash ABC. It maintains the original blockchain architecture while planning a transition to Proof-of-Stake for improved efficiency and sustainability.
How is the market cap of eCash calculated?
Market cap is determined by multiplying the current price of XEC by its circulating supply. This figure represents the total market value and helps assess the asset's size relative to others.
What factors influence the price of eCash?
Price is influenced by supply and demand, market sentiment, technological developments, regulatory news, and overall trends in the cryptocurrency market.
Where can I track real-time eCash data?
Real-time price, volume, and market cap data are available on various cryptocurrency tracking platforms. For detailed analysis and tools, explore live market insights.
Is eCash a good investment?
Investment potential depends on individual risk tolerance, market research, and financial goals. Analyze its technology, use cases, and market position before making decisions.
How does eCash differ from Bitcoin?
eCash focuses on faster transactions and lower fees, with a planned move to Proof-of-Stake. Bitcoin remains Proof-of-Work and is primarily seen as a store of value.
Conclusion
eCash (XEC) is a dynamic cryptocurrency with a fixed supply and evolving technology. Its market performance, driven by factors like adoption and innovation, can be monitored through real-time data and analysis. Whether for trading or long-term holding, understanding its fundamentals is key to making informed decisions. For advanced tracking and investment strategies, view comprehensive market tools.